GulfSlope Energy Inc (GSPE)

[MktMvn]

Great scenario. Key blocks for Corvette and Tau are safe for a year or more. They have a good rig under contract. They actually now have a platform next door to Corvette which can be used for producing the shallow discovery in less than a year. Once they have several thousand barrels a day of production the cash woes will subside rapidly. Assuming Corvette shallow works out, Corvette deep can be drilled at their leisure. And somewhere in there Tau 2 gets drilled with it’s 400 million barrel potential. I would say that Gulfslope is looking like a multibillion dollar potential value, and all they have to do to get a good chance at it is complete a reservoir that has already tested oil at good rates. I don’t know why so few people seem interested, but I at least am going to go along for this ride, for sure.